Hungarian phone firm to sell shares in U.S. in bid to upgrade its network

Article Abstract:

Hungarian Telephone and Cable Corp, a new telecommunications company, is selling 805,000 common stock shares to the US in a move to upgrade the Hungarian telephone system. The company aims to offer capital, technical assistance and management services to the telecommunications companies that have sprouted in Hungary since privatization, capitalizing on Hungarian Telecom Ltd's plans to upgrade its telephone systems. Hungarian Telecom will be investing $1.5 billion into its system, which Hungarian Telephone says is backward, by 1985. The shares available in the US will be offered at $7 each. However, Hungarian Telephone warns that its operations could be affected by unpredictable changes in Hungarian laws and regulations. Also, local telephone companies may differ in their dividend policies, which will effect owners of the stock.

Hungary, International trade, Market Entry, Public Offerings, Hungarian Telephone and Cable Corp.

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Japan's plan to sell more NTT shares in privatization put off for second year

Article Abstract:

Japan's Ministry of Finance has postponed the sale of Nippon Telegraph and Telephone Corp (NTT) in Sep 1990. The postponement of selling nearly two million state-owned shares to private investors is the second in two years. The plan by the Japanese government to sell shares is part of a privatization program and the postponement was triggered by a fear that selling NTT shares would lower the price of those shares. The Japanese Ministry of Finance still owns about two-thirds of the 15.6 million NTT shares outstanding. It is required by law to hold at least one-third and analysts say that it is interested in selling some shares to reduce the government's debt. NTT shares closed at $6,285.94 a share on the Tokyo Stock Exchange on Sep 10, 1990.

Japan, Economic policy, Nippon Telephone and Telegraph Corp., Privatization (Business), Telecommunications, Privatization

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No place to hide; the dark side of the communications revolution: you're never out of touch

Article Abstract:

A technological revolution in the communications industry changes the way people work in society and its ubiquitous nature becomes deleterious. A plethora of machines, including facsimile machines, electronic mail systems, pagers, beepers, modems and cellular telephones disrupt the traditional notions of privacy and breach norms and etiquette in society. People are beginning to treat others as infinitely accessible, disregarding their need to rest or be alone. Sociologists and psychologists examine the human side of the fast-paced technological advances in the communications industry and observe a direct effect of technology on social stress.

Social aspects, Privacy, Social conditions, Technology and state, Technology policy, Trends, Social Issue, Telecommunications Industry

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